HUGE JERK

Global markets in huge sell andour markets despite taking supports around 4800 yesterday for bounce back , we follow the global cues and head towards Monthly supports of 4750..The fact is many did not unwind at top waiting for 5300 settlement and those who did will start buying here as prices are much better than chasing tops..4900-30 zone now is a resistance zone as structural damage takes place with todays fall..lets hope this correction halts at 4700 around to consolidate ..Trade accordingly.cheers.